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Qatar Exchange to start trading govt bondsThe Qatar Exchange said it would introduce trading of government bonds issued by the central bank on June 20, as part of measures to deepen the Gulf state's debt market and diversify investment tools for bank More… |
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Dubai Group assets 'worth fifth of $10bn debt'Investment firm Dubai Group's assets are worth just a fifth of its $10 billion of debt, sources involved in its restructuring said, signalling creditors signing up to a debt deal may face big losses without a major improvement in values. More… |
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ADCB sells $300m of subordinated bondsAbu Dhabi Commercial Bank will sell $300 million in a subordinated bond on Wednesday, according to the deal arranger, just over two months after its last debt markets outing. The lender had aimed to issue a benchmark-sized subordi More… |
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IMF 'not worried about Dubai debt obligations'The International Monetary Fund is not worried about Dubai's ability to meet its upcoming debt obligations, Masood Ahmed, director of the IMF's Middle East and Central Asia department, tol More… |
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MMG appoints advisor for debt restructuringSaudi contractor Mohammad Al Mojil Group (MMG) said on Monday it had appointed the investment banking arm of Gulf International Bank to advise it on a restructuring of its debts. No value of the amount of debt being restructured w More… |
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Dubai may get creative to fund debt humpDubai may use a wide range of strategies, from asset sales to increased bond issues and continued support from Abu Dhabi, to get through a looming period of debt repayments - but it may cause its bankers a few sleepless nights on the way. More… |
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Dubai Group to close $10bn debt deal by June 6Dubai Group, an investment vehicle owned by the emirate's ruler, will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, a top official said. The compa More… |
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Dubai looking at alternate plan to repay $48bn debtFavourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said on Tuesday, adding that the emirate was looking at alternate means to repay its debt if asset sales did n More… |
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Qatar cenbank 'will flexibly adjust debt issues'Qatar's central bank (QCB) will if needed flexibly adjust the amounts of local currency bonds and Treasury bills which it offers, and believes the issues will reduce Qatar's reliance on foreign funding, the QCB's governor said. More… |
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Kuwait debtors' bailout to cost $2.6bnA government bailout of Kuwaiti debtors is expected to cost 744 million dinars ($2.61 billion), finance minister Mustapha Al-Shamali said on Tuesday. The government, under pressure from members More… |
